As mentioned in the Mortgage. Made Easy. sub-forum, TD has graciously dropped their rate by 0.1%. This is the 0.1% they and the other banks did not pass along during the last Bank of Canada rate cut. The banks have now essentially delayed passing along one cut while keeping the other entirely. I will not be the least bit surprised to see the banks keep pace when the rate starts increasing...

As mentioned in the Mortgage. Made Easy. sub-forum, TD has graciously dropped their rate by 0.1%. This is the 0.1% they and the other banks did not pass along during the last Bank of Canada rate cut. The banks have now essentially delayed passing along one cut while keeping the other entirely. I will not be the least bit surprised to see the banks keep pace when the rate starts increasing...

Yeah and like I mentioned the BoC cannot be thrilled about that. I don't think that the intention here is to make sure that the banks increase their profit by 0.25%.